AT87
NR-217/96 Daniel Drosdoff (202) 623-2407
E-Mail: Danieldr@iadb.org
Web address: http://www.iadb.org
FOR IMMEDIATE RELEASE September 12, 1996
The Multilateral Investment Fund today announced the approval of a
$1,169,000 in nonreimbursable financing to assist Haiti in reorganizing the
electricity sector to make it more efficient and effective.
The resources will support technical services for the preparation of
analyses providing options for the sector's reorganization, which will include
increased participation of the private sector. Once an option is chosen, the
financing will support the formulation and elaboration of the legal and
institutional framework appropriate for that alternative.
The program will also provide resources to help Haiti establish an
administrative unit responsible for carrying out the electricity sector
reform.
The Multilateral Investment Fund, an autonomous fund of the Inter-American
Development Bank, provides grants and investments to promote private sector
growth, labor force training and small enterprise modernization in Latin America
and the Caribbean.